Nine picks ex-News Corp Australia CEO Tonagh as new chair as Catherine West exits
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The news: Nine Entertainment chair Catherine West is set to retire from the board in November, with independent non-executive director Peter Tonagh picked as chair-elect.
The context: West, who has served on the Nine board since 2016, said she intends to retire as chair and non-executive director at the conclusion of the media group's annual general meeting on 7 November.
Tonagh, who joined the Nine board in January, has previously served as News Corp Australia CEO, Foxtel CEO and deputy chair of the ABC. Tonagh also held senior positions at Boston Consulting Group, and is currently chair of Quantium, GTN and Bus Stop Films.
What they said: "I am proud to have successfully led the company through a transformational period," said West.
"In FY25, Nine emerged stronger from the acceleration of our company-wide strategic and cultural transformation and by harnessing the power of the Nine Group.
"Nine has a refreshed executive team, a reset operating model and, through the Nine2028 strategy, has positioned the company for growth and the creation of shareholder value."
Tonagh commented: "On behalf of the board, I thank Catherine for her leadership, guidance, and commitment to Nine, which have been instrumental in positioning the company for sustainable success. I will be working closely with the board and management to drive value for all shareholders over the long term."
The source: ASX
